Mar. 26, 2012 (China Knowledge) - Guangzhou Automobile Industry Group Co, the parent company of Guangzhou Automobile Group Co Ltd<2238>, announced that it plans to issue RMB 500 million worth of 365-day unsecured bills on the interbank market on Mar. 28, the sources reported.

Coupon rate will be determined in the process of book-building and the bills will be issued at face value. Both value date and payment due date is on Mar. 29, and the to-be-issued bills tradable on Mar. 30.